Rubrics Morning Comment 11.11.24
11th November 2024
• Bond Market on Risky Path as Traders Regroup From Wild Week • US Inflation Progress Gets Harder in Last Mile Down: Eco Week • Scholz Opens Door to German Confidence Vote Before Christmas • China Unveils $1.4 Trillion Debt Swap, Saves Stimulus for Trump more
Rubrics Morning Comment 08.11.24
8th November 2024
• Powell Signals Readiness to Defy Trump in Defense of Fed • Fed Cuts Rates; Powell Says Wouldn’t Resign If Asked by Trump • Investors Dial Back ‘Trump Trades’ as Policy Questions Remain • BOE Delivers Rate Cut With Warning on Budget’s Inflation Hit more
Rubrics Morning Comment 07.11.24
7th November 2024
• ‘America First’ Sweeps Wall Street With Echoes of 2016 Playbook • In Trump Markets, Big Question Is How Much ‘MAGA’ 2.0 Will Cost • Trump Win Wreaks Havoc on Global Rate-Cut Expectations • Trump’s Victory Casts a Shadow Over the Federal Reserve more
Rubrics Morning Comment 06.11.24
6th November 2024
• Trump Adds Georgia, GOP Captures Senate as Harris Path Narrows • Republicans Win Control of US Senate Ahead of Critical Tax Fight • Trump Trades Gain Momentum as US Stocks, Yields Up: Markets Wrap • Dollar Jumps as Trump Pulls Ahead in US Presidential Vote Count more
Rubrics Morning Comment 05.11.24
5th November 2024
• Harris, Trump Finish Historic Campaign With Dueling Rallies • Harris’ Late Iowa Surge Energizes Democrats in GOP-Led State • ‘Trump Trade’ Doubts Drag on Dollar, Boosting US Treasuries • RBA Holds Key Rate at 13-Year High as World Waits on US Vote more
Rubrics Morning Comment 04.11.24
4th November 2024
• Fed and Peers to Go Ahead With Rate Cuts After US Vote: Eco Week • US Payrolls Increase by Just 12,000, Hit by Storms and Strikes • US Manufacturing Activity Falls to Lowest Level Since July 2023 • Fed On Track for Rate Cut After Weak Jobs Data, Hiring Markdowns more
Rubrics Morning Comment 01.11.24
1st November 2024
• Treasuries Post Worst Monthly Loss Since 2022 as Election Looms • Key US Inflation Gauge and Spending Pick Up in Solid Economy • US Jobless Claims Fall to Five-Month Low as Storm Impact Fades • UK Rout Deepens as Reeves Budget Worries Spread Across Markets more
Rubrics Morning Comment 31.10.24
31st October 2024
• US Economy Expands at 2.8% Rate, Powered by Resilient Consumer • US Hiring in ADP Data Rises to Fastest Pace in More Than a Year • Eurozone Growth Beats Expectations, Germany Dodges Recession • Reeves Lifts UK Taxes by £40 Billion in Post-Election Budget more
Rubrics Morning Comment 30.10.24
30th October 2024
• US Job Openings Decline to Lowest Level Since Early 2021 • EU Imposes Tariffs on China EVs, Risking Retaliation • French Economy Gathers Speed With Boost From Paris Olympics • Reeves to Raise Taxes to ‘Rebuild’ UK in High-Wire First Budget more
Rubrics Morning Comment 29.10.24
29th October 2024
• US Treasury Trims Borrowing Estimate to $546 Billion for Quarter • Next Hurdle for Treasuries Is Whether US Keeps Debt Sales Stable • Goldman Sachs Sees Another SOFR Spike on Record Treasury Deluge • Yardeni Sees Bond Vigilantes Mustering as US, UK Prep Debt Sales more
